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Anyone Get a Letter from US District Court?
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| Zharen |
Got some letter from above mentioned government authority saying that I'm eligible to receive a court approved refund of fees charged from Visa, MasterCard, and/or Diners Club credit/charge or debit/ATM cards. I guess the credit card companies were involved in some shady business concerning overseas credit card charges. Here's a sample of the notice sent to me.
| quote: | Notice of Class Action Settlement To: Visa, MasterCard and Diners Club Cardholders
This notice is to inform you of a hearing about an agreement to settle a class action lawsuit, which now includes improvements to the plan for distributing settlement proceeds. The lawsuit is about the prices that cardholders of Visa and MasterCard credit and debit/ATM cards, and Diners Club credit cards (including charge cards) were charged to make transactions denominated in a foreign currency or with a foreign merchant, including purchases, cash advances, cash withdrawals, and Internet transactions. The Visa cards include Visa-Interlink-, and Plus-branded credit and debit/ATM cards; the MasterCard cards inlcude MasterCard-, Cirrus-, and Maestro-branded credit and debit/ATM cards.
The Plaintiffs in this lawsuit (In reCurrency Conversion Fee Antitrust Litigation, MDL 1409) challenge how the price of credit and debit/ATM card foreign transactions was set and disclosed inlcuding claims that Visa, MasterCard their member banks, and Diner Club conspired to set and conceal fees, typically of 1-3%, on foreign transactions, and that Visa and MasterCard inflated their base exchange rates before applying these fees. The Plaintiffs also claim that the amount of these fees and that the failure to adequately disclose them violated federal and state antitrust, disclosure, unfair competition, deceptive practices, and consumer protection laws, as well as common law and equity. The Defendants (Visa, MasterCard, Bank of America, Bank One/First USA, Chase, Citibank, Diners Club, HSBC/Household, MBNA and Washington Mutual/Providian) deny the Plaintiffs' claims and say they have done nothing wrong, improper or unlawful. If you made a foreign transaction between Freburary 1, 1996 and November 8, 2006 with a U.S.-issued Visa, MasterCard, or Diners Club card, you are a member of the Settlement Damages Class. If you had, as of November 8, 2006, a Visa, MasterCard, or Diners Club card, you are a member of the Settlement Injunctive Class, and will benefit from the settlement even if you did not use your card to make a foreign transaction.
The lawsuit asks for money damages and restitution for the Settlement Damages Class, and injunctive relief for the Settlement Injunctive Class. |
Even though the refund is small ($25), money is still money and I'll gladly do it to hurt the credit card companies' deep pockets. All the more happier I ordered Scott Bond's Ahead album from the UK in 2004. It qualified me for the Settlement Damages Class.
Cor Version: Credit card companies got caught inflating foreign exchange rates and now the court wants to offer a small refund for all credit/debit card holders. Anyone else get this letter? |
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| Zewad |
yes.. i got it too..
i spent a summer in europe in 01... i used my debit card at the ATM very frequently and probably got raped by the currency exchange.. this was before the Euro took place...so i had currency exchanges in multipule different countries and multipule different currencies..
and also spent a year in iraq/kuwait in 05... not too much ATM'ing there, but still..
i'm going to to with option 2 |
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| Igaryok |
| Yeah I got the same thing. I'm not sure what I bought though. |
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| Theresa |
Hmmm, is this only affecting Americans, or am I going to get a letter in the mail too?
(I have both a Mastercard, and a Visa, and have purchased US items). |
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| Zewad |
| quote: | Originally posted by Theresa
Hmmm, is this only affecting Americans, or am I going to get a letter in the mail too?
(I have both a Mastercard, and a Visa, and have purchased US items). |
US case vs US currency exchanged.. in foreign countries to the US...
you are foreigner, no free monies for you...
be happy-- take a trip to Cuba... we cant.. |
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| tubularbills |
| yup, and it didn't apply to me, so blah. i wasn't in germany until 01 and 03 |
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| Zharen |
^
| quote: | | If you made a foreign transaction between Freburary 1, 1996 and November 8, 2006 with a U.S.-issued Visa, MasterCard, or Diners Club card, you are a member of the Settlement Damages Class. |
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| tubularbills |
| quote: | Originally posted by Zharen
^ |
my letter said between 1998 and 2000 :(
besides, the transactions i made were minimal on credit anyways, as i used cash for most of it. |
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| Trance-Canada |
| quote: | Originally posted by Theresa
Hmmm, is this only affecting Americans, or am I going to get a letter in the mail too?
(I have both a Mastercard, and a Visa, and have purchased US items). |
Those ******s always screw US out of everything, at least our dollar is worth more than theirs :D:D
And will continue to raise as long as they let that bill go through for the other 70bil for bush lol... DOWN ******S DOWN! |
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| lücid |
| filed mine yesterday. |
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| PvDoBseSSioN |
| they should refund me the 1000's of dollars i have lost over the years just changing money! |
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